Goldman Sachs, one of the world's largest banks, unexpectedly increased its holdings in Bitcoin ETFs to $718 million. 📉

- The investment in BlackRock's iShares Bitcoin Trust ETF (IBIT) was $461 million.

- The bank first entered the Bitcoin ETF market in Q2 2024.

- Previously critical of cryptocurrencies, Goldman Sachs now also holds $22 million in the Ether ETF.

A change in course or just a temporary strategy? Time will tell.